Newbury Building Society has reduced the pricing of its 85% LTV Help to Buy remortgage product, with the change applying to new and existing borrowers looking to pay off some or all their government loan.
The 85% LTV Help to Buy product is now a three-year fixed offering at 2.74%, which has been cut from 2.99%.
The society suggested it is one of only a handful of lenders that offers a Help to Buy remortgage product to borrowers looking to keep some or their entire loan.
Newbury Building Society lending manager, Roger Knight, commented: “The Help to Buy remortgage market is yet to reach maturity, with very few remortgage products available to Help to Buy borrowers, especially those looking to staircase.
“By offering a partial staircase, we release the pressure of having to remortgage away from the scheme in its entirety; a welcome reprieve for those who are unable to repay the government loan in its entirety. By doing so, we hope to continue assisting customers achieve their homeownership ambition.”
Latest News
-
Bank of England cuts interest rates to 4%
-
Advisers urged to consider Consumer Duty impact of IHT pension inclusion
-
House price growth flat in June – Halifax
-
FCA secures fraud conviction over £1.3m Ponzi scheme
-
Metro Bank's profits treble in H1
-
Mortgage arrears and direct debit rejections on the decline
Helping the credit challenged get mortgage ready
A rising number of borrowers are finding it harder to access mortgages due to being credit challenged - whether that’s from historic debts, a county court judgment, or having little to no credit history.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
In the latest episode of the Mortgage Insider podcast, Phil Spencer is joined by Eloise Hall, Head of National Accounts at Kensington Mortgages, and Alastair Douglas, CEO of TotallyMoney.
Air and the role of later-life lending
Content editor at MoneyAge, Dan McGrath, spoke to the chief executive officer at Air, Will Hale, about the later-life lending industry, the importance of tailored advice and how technology and obligations have shaped the sector.
Inside the world of high net worth lending
The mortgage market continues to evolve, and so too does the answer to the question: what is a high net worth individual in today’s market? In this episode of the Mortgage Insider podcast, host Phil Spencer is joined by Stephen Moroukian, Head of Product and Proposition for Real Estate Financing at Barclays Private Bank, and Islay Robinson, founder and CEO of Enness Global. Together, they explore what brokers really need to know when supporting high net worth individuals.
The future of the bridging industry and the Autumn Budget
MoneyAge content editor, Dan McGrath, is joined by head of marketing at Black & White Bridging, Matt Horton, to discuss the bridging industry, the impact of the Autumn Budget and what the future holds for the sector.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories